Our Blog

Property price are set to rise and rise… (then crash)

We have been clear about our views on property cycles for many years. That is why we said when many were saying the crash would run and run, that we took a contrarian view and said the market would rise and rise quickly, then experience a mid-cycle slow down and return to a rapid increase in prices.

Our ‘mid-cycle’ was called in 2015 as the Macro-Prudential rules kicked in that they wouldn’t calm the market. We said any effect would be temporary at best and that price increases would return and lead us up and up into a crash in the mid 2020’s. This prediction has been one we made long before almost anybody else in the market and we see no reason to believe (for now) that it won’t happen.

The frustration now is about what to do in light of this, for people who want to rent you need to nail down rental contracts – even though more than half the country has rent control because it is going (meant to) end in 2019. For those looking to buy getting a home at the right price, with a good rate and paying down debt quickly is the best choice.

About Irish Mortgage Brokers

At Irish Mortgage Brokers we have only one focus, our customers best interest, because our clients are what keeps us in business.

In dealing with Irish Mortgage Brokers you are getting the best mortgage rates available, clear professional independent advice, done in a manner that promotes absolute integrity and transparency by a person who is regulated and qualified to give that advice and financial planning that can save you thousands.